As long as pensions aren’t inflation adjusted and we have near-constant low level inflation, it’s just not a big deal. This article is about an approximately $1

As long as pensions aren’t inflation adjusted and we have near-constant low level inflation, it’s just not a big deal. This article is about an approximately $1000/year benefit received by a single person. It’s an extreme outlier and its cost is many orders of magnitude from being even a rounding error. To your question, though, designers of pension funds definitely do understand that pensions which survive the original recipient can start to look like perpetuities.